Infosys has bagged a five-year contract from Europe's second largest oil and gas company, BP to provide IT services.
Jaiprakash Associates tumbled 17.60% on BSE, with the stock sliding on high volume after a promoter entity pared its stake in the company on Wednesday, 3 September 2014. Jaiprakash Associates during market hours clarified that one of the promoters holding 72.36 crore shares, constituting 29.75% of the company's shares capital, has sold only 1.45% of shareholding and continues to hold 68.83 crore shares, constituting 28.30% of the company's share capital. This small shareholding has been disposed off by the promoter company to meet its requirement of funds including for social cause.
DLF lost 8.6% on BSE after the announcement of a court ruling regarding land allotted to the company in Gurgaon.
Punjab National Bank is raising Rs 500 crore Tier-II Basel III compliant Bonds on private placement basis.
Weak global cues and an overnight rally in Brent crude oil prices weighed on key indices in India which snapped their recent winning streak. The barometer index, the S&P BSE Sensex, snapped its 9-day winning streak. Nevertheless, benchmark indices trimmed intraday losses in late trade. The Sensex regained the psychological 27,000 level after falling below that mark in intraday trade. Metal and realty stocks declined. The market breadth indicating the overall health of the market was negative.